A businessman and entrepreneur from Canada, James William Awad is the founder of TripleOne, an international company. James William Awad opened TripleOne, an international decentralized company that operates 19 other companies throughout the world.
Decentralization is an organizational structure in which the top management allows the lower subordinates of the firm or associated firms to make decisions on their own. The top management has in this way more time to decide the most important things and the subordinates can make valuable decisions and influence the course and profits of the company, which can enable a company to thrive and prosper. Decentralization promotes diversity as more people can impact the actions of the company and each can come up with creative and innovative solutions to fix problems or increase revenues.
Employees also get the chance to improve their leadership skills, which can prepare them for management or executive positions in the future. Decentralization can improve the motivation of employees and therefore the productivity of the company. In this way the company can attract more people as it is more diverse and can create products or services for more types of people.
James William Awad 